HarborOne Bancorp (NASDAQ:HONE) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of HarborOne Bancorp (NASDAQ:HONE) in a report released on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on HONE. Janney Montgomery Scott reiterated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th.

HarborOne Bancorp Price Performance

HarborOne Bancorp stock opened at $11.54 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The company has a market cap of $513.08 million, a price-to-earnings ratio of 17.48 and a beta of 0.60. HarborOne Bancorp has a 1 year low of $8.89 and a 1 year high of $14.00. The firm has a 50 day moving average price of $10.40 and a 200 day moving average price of $11.61.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million during the quarter, compared to analysts’ expectations of $36.01 million. Sell-side analysts predict that HarborOne Bancorp will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.01 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 50.79%.

Hedge Funds Weigh In On HarborOne Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhino Investment Partners Inc acquired a new position in shares of HarborOne Bancorp during the fourth quarter worth $3,185,000. Millennium Management LLC boosted its position in HarborOne Bancorp by 174.8% in the 4th quarter. Millennium Management LLC now owns 271,878 shares of the financial services provider’s stock valued at $3,216,000 after buying an additional 172,941 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock valued at $67,350,000 after acquiring an additional 131,602 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of HarborOne Bancorp by 306.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock worth $1,672,000 after acquiring an additional 106,526 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of HarborOne Bancorp by 78.9% in the fourth quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider’s stock worth $2,565,000 after acquiring an additional 95,659 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.